Where Best To Buy Florida Foreclosure 2013?
Buy Florida Foreclosure 2013 is still in Florida.
According to RealtyTrac the best Foreclosure rankings are out. We looked their rankings and took the liberty from their data to show you where to best buy Florida Foreclosure 2013.
RealtyTrac looked at the foreclosure inventory, foreclosure sales as percentage to all transaction, the average discount on foreclosure; and the annual percentage change in foreclosure activity 2012 compared with 2011.
The best winner where to Buy Florida Foreclosure In 2013 is Palm Bay-Melbourne-Titusville.
The Miami, Fort Lauderdale and Pompano Beach area was based on the fact that they had a 29 month supply of foreclosure on the market in 2012. The overall count of foreclosures on the market was 28,7% and the average discount for foreclosure properties was by 31% according to RealtyTrac.
I am not sure with the data provided by RealtyTrac since we have seen in Florida Foreclosure properties coming on the market and immediately are listed in pending status. Not only are they contracted quickly but also we seen on those foreclosure properties multiple offer situations. Many times the foreclosure properties close with a sale price over asking price due to multiple offer situations. This in return reduces the discount on foreclosure properties and brings home prices up.
The reality of the foreclosure market in Florida shows a very active market with high demand and very low supply. Not only are foreclosure properties in high demand, but also produces very often multiple offer situations since they are still seen by the public as the “good deal” out there. Many of the best foreclosure deals are sometimes under contract before they hit the open market.
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